Business Standard

Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

Related News

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

Read more on:   
|
|

Telecom shares gain, Idea Cellular at four year high

Idea Cellular,Tata Teleservices (Maharashtra), Reliance Communications and Bharti Airtel are up 1-6% on the BSE.

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Shares of telecom services provider are trading higher in the range of 1-2% in otherwise subdued market in morning trades after the Empowered Group of Ministers (EGoM) on telecom on Monday decided to slash the reserve price for CDMA spectrum by 30%-50%.

Among the individual stocks Idea Cellular is trading higher by 2.5% at Rs 112, its highest level since June 2008 on the Bombay Stock  Exchange. 

Tata Teleservices (Maharashtra) has rallied almost 5% to Rs 13.19, followed by Reliance Communications (up 2.6% at Rs 84) and (up 1% at Rs 330).

"The cabinet will take a final decision. Auction for 800 MHz will be conducted in March following the auctions of 1800 MHz and 900 MHz bands that would start on March 11,” the Business Standard report suggests quoting a top government official from headed by Finance minister P Chidambaram.

 

image

Read More

Trading Strategies: Suzlon Energy, Unity Infra, Titan Industries

Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.

Recommended for you

Advertisements

Quick Links

Market News

Sensex rises over 200 points, Nifty aims 8,500; HDFC up 2%

At 12:15, the 30-share Sensex was higher by 215 points at 28,024 and the Nifty gained 57 points at 8,478

Can Sharekhan's acquisition by Warburg, General Atlantic revive India's broking industry?

The deal suggests foreign investors' confidence in the buoyancy of Indian markets

Aluminium futures rise on spot demand

Increased domestic demand from consuming industries at domestic spot market helped aluminium futures to trade higher

Copper rises by 0.1% on global cues

Speculators enlarged positions after the base metal rose in overseas markets on declining stockpiles

Infinite Computer tanks 20% on weak FY16 guidance

The company said that net profit for the financial year 2015-16 is expected to be flat.

 

Back to Top